Updated Jul 31, 2025
Dan Andrews Of Tempus Realty Partners Acquires Industrial Portfolio Across Four U.S. Cities For $40.3M
$40,300,000
$70/SF
Building Size
574,548 SF
Asset Type
Industrial
Closing
Jul 30, 2025
About this deal
AI
A $40.3 million industrial portfolio has been sold, encompassing 73 acres and totaling 574,548 square feet. The acquisition includes properties located in Columbus, Indiana; Hilliard, Ohio; Philipsburg, Pennsylvania; and Huntsville, Alabama. The pay-per-square-foot rate stands at $70. The portfolio features tenants such as Duravent Group and Kassel Mechanical.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $40,300,000
- Buyer: Dan Andrews
- Agency: Tempus Realty Partners
- Asset Size: 574,548 SF
- PPSF: $70
- Market Locations: Columbus, Indiana; Hilliard, Ohio; Philipsburg, Pennsylvania; Huntsville, Alabama
Tempus Realty Partners, led by Dan Andrews, has reinforced its strategy by acquiring this portfolio, marking its second acquisition in 2025. The firm focuses on stable, quality industrial assets in secondary markets.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93